The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-13

| who IN this case 10 the dealer IN pub
lie documents. But il more often hap
pens that the member has not the
time or the inclination to root al round
among his assoc ates for the one who
is anxious to exchange. This the OPP
portnnIty for which the dealer Is
waiting. And 1t is the period be.
tween the adjournment Of one Con-
gress and the assembly Of another that
the harvest is gathered.
There are many men who find their
way into the halls Of Congress who
are not averse to perquiHtes. These
men consider it q legitimate act to
dispose tf their books for cash, and
not few OF them do 30 constantly
year after year. The clerks in the doc
umept rooms of the two houses
could tell some interesting
stories Of these transfers of books
il they chose to do 30, but it is Tor
their interest TO keep quiet, ss many
of them add quite lite to their own
salaries by surreptitious or open deal.
iDgs in this class OF plumber
Within the next month the annual
report of the Department Of Agricul
ture will be ready for delivery. Each
member Of the lower house ia untitled
to about 800 copies Of this WORK. An
order for "qu1ta" can be secured a.
the present time for little less than
| $45. The books are not yet issued
As the time tor their publication ap.
proaches they will increase in value
until they reach about cents q vol.
ume. This is about the maximum
limit for wholesale lots. The pur.
chasers dispose OF them to members
from agricultural districts at about 10
cents voluue. Members having a
great many firmers among their
constituents consider that a few
hundred dollars expended in this
manner is about the best
possible way of investing campaign
funds. 1t is natural, therefore, that
the reports of the Department of AgIi
culture should always command q
ready market.
Next to these reports those Issued
by the Bureau Of E.hnoloey are the
most valuable from a commercial
standpoint, They are eagerly sought
after by members from the cities,
specially those in whose districts
scientific or educational institutions
abound. Reports of the Bureau OF
Elhnology command about So to S.
volume, according to their age, the
older ones being the most valuable, OF
course. The rebellion records are also
readily salsble. The first three or
four volumss, which are now very
scarce, being from So to 81 each from
dealers, even though they be I'M
bound. The latest Issues, bound in
cloth, are worth only about rs cents
each.
When Congressman dies during his
term his successor often finds that
he has very little show in the book
line. II the deceased has not left in
cions to have all the publications
to his credit distributed among his
constituents it will very likely be
found that some employe of the
House has obtained an order for all
that are left, and long before the sue
cessor OF the deceased takes bis seat
| the second hand dealer will have Be-
cured his quota. This practice has
been carried 30 far that attention has
been attracted to it, and the result is
likely to be the breaking up of
practice which has grown to be pub
lie scandal.
CHICAGO LEFT IN THE FINANCIAL WORLD.
1t is noticed with some surprise that
very few of the banks of Chicago are
authorized to act nc res srve agents for
other rational banks, while those Of
Omaha, st. Louis, New York and
other large cities are constantly re-
ceiviDg appointments 10 take care Of
the surplus funds of banks in all eec-
items of the country. An inquiry as
to the cause Of thus state of affairs
brought out the following story: The
act of Congress approved last year
authorized tire recognition as a ere
serve city" OF aUy place where two
thirds Of the national banks would Join
in and make the request of the treas
ury officials. The bill WAS pushed
through Congress by the Ohica1o
members and in the interest of the
Chicago banks. 1t seems, however,
that there is in Chicago a clearing
house to which the smaller national
banks have been denied admission.
As soon as the reserve bill became
law the clearing house banks called q
nesting of all the national banking
institutions in Chicago and the email
fry were told that their signatures
we're wanted to a petition which
would give all the banks represented
the right to enjoy the benefits of the
law. But the small fry were not Of
that species OF fish. They replied
through their representatives, that
they were not particularly anxious to
Join in. II they signed the petition at
all it would be only after they had
been admitted to membership in the
clearing house. This caused o great
deal of CONSERVATION, but the bigger
concerns were not disposed to give in
to their smaller and poorer relations.
As there were more than one.third OF
the national banks in Chicago out.
side the clearing house the Others
! found themselves unable to comply
/ with the terms of the act, and they
were unable, in consequence, to en-
| Joy the benefits of the law. Ia the
meantime the banks of other cities
have been able to reap the crop Of re-
serve funds which the Chicago men
sowed. There is growing in Chicago
in consequences.
RAILROAD LAND GRANTS.
The Commissioner Of the General
Land Office, in response to a call from
the Pacific Railroad Commissioners,
has caused to be prepared and has for
warded q voluminous report giving In
tabular form the amounts OF land
granted to, selected by and patented
to the several Companies whose affairs
are under investigation. The sum-
mary shows the whole amount granted
to the Union Pacific was IL 309,8H
acres, of which amount s, 147 1882 acres
have been selected and 6l6, l78 acres
patented, leaving s, 1852, 1872 acres to be
selected. Toe Central Pacific had q
grant OF 100000 acres. 1t has re.
ceivsd patents for 1,040,2l0, and has
6,4l3,7l2 acres yet TO be selected. The
Kansas Pacific had a grant of 5000, 900
II has aaIaafod 700 ORQ ooraa